Thursday, February 13, 2014

Recent happenings with school and investing

Well, first blog post of the year.  I no longer intend to try to keep up with this thing....it's a lost cause, as I never know what to write about.

For now, I'm going to update any readers on school and a 2nd foray into the stock market.
As far as school goes, I just finished 2 more classes.  I haven't received the grades yet, but am confident that I will get an "A" in each class.  If this is correct, it will bring my total since returning to school to 22 "A's" and 2 "B's".  A pretty solid accomplishment, if I do say so myself.  I have 2 classes left, starting Feb. 24th.  Graduation is in June.  After that, I start looking for a job in accounting, with my newly earned Bachelor's Degree.  If anyone has any advice on where to look, I would love to hear it!!
   My new venture is a 2nd foray into the stock market.  Having just finished a finance class, and having a little extra money from my tax return, I decided to invest in the stock market again.  The first time I deposited a total of $600 in 2 transactions.  I bought stock in 4 companies.  This was around February of 2009.  I sold the stock from 3 companies in May 2011.  Mind you, with the small investment amount, I only had 10 shares in each of these 3 companies.  They were all established companies, just in the midst of the downturn of the economy, and I felt 2009 was a good time to invest with the rebound looming.  When I sold the 3 stocks in 2011, I had about $1600 worth of stock.  Not a bad return in a little over a year.  The 4th stock was one that I had taken a chance on.  I purchased 100 shares at $0.50 each.  They are worth $0.0001 each now...lol  Overall the profit made on the other 3 certainly made up for the loss on this stock.
   This time, I decided to start with 1 stock and purchase 100 shares.  It pays dividends, and I am participating in the dividend reinvestment program.  The company is called RF Industries, Limited.  They are a designer, manufacturer, and seller of communications equipment, in the radio and communications industry.  They are on a downswing in stock price, but poised for a rebound and a solid company in terms of financials.  They also pay a decent dividend, which compared to the price of the stock currently could buy an extra 2-4 shares per year.  There are many more reasons that I like this company, but too much to get into right now.  Suffice it to say I am confident in the potential for a comeback, and if nothing else, this should be a solid earner.

2 comments:

  1. Congrats on the upcoming graduation. You have put in a lot of time and effort. Nice to see it pay off.

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  2. Thanks. The real payoff comes when I land a better job. Maybe then I can hit Las Vegas more often. lol Would love to be out there when you are sometime.

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